North Shayne Avenue, Fort Erie, ON L2A 5M4, Fort Erie, ON
The regulations governing the building sector have undergone substantial modifications, notably the HST rebate applicable to all new constructions valued up to $1.85 million, which aligns perfectly with this project. Firm agreements are eligible for the rebate until March 31, 2027. Additionally, the province of Ontario is poised to reduce development fees by 50%, which is expected to apply in this context as well. This scenario is particularly advantageous for builders pursuing a medium-sized project that aims to highlight high-quality homes in an exceptional area. A draft plan has received approval for 22 premium lots in the desirable Crescent Park district of Fort Erie, presenting significant development opportunities. Each lot features a minimum frontage of 60 feet and a depth of 110 feet, representing a distinctive offering within the city. The R1 zoning designation complements the existing neighborhood aesthetics and supports single-family detached homes projected to exceed a value of $1 million. The servicing for these lots along the proposed Shayne Avenue has been approved, subject to specific conditions available upon request, along with the servicing quote. Minor variances for expanded building envelopes, accommodating features such as three-car garages, are readily achievable. Fort Erie will also allow up to 3 ADU's (Additional Dwelling Units) to be added to increase value or add inlaw opportunities under separate roof on same property. Lots of options!! Investors also have the option to collaborate with multiple builders for project execution, highlighting a compelling opportunity for developers aiming for high returns in a prime location.
Property Highlights
For Sale
MLS NO.
X12944684
Type
Residential Freehold
Sub Type
Vacant Land
Complete Property Details
Property Type
Residential Freehold
Sub Type
Vacant Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12944684
Total Bedrooms
0
Total Bathrooms
0
Total Kitchens
0
Interior Features
Other
Central Vacuum Yn
No
Lot Width
0.0
Garage
No
Direction Facing
West
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
North Shayne Avenue, Fort Erie, ON L2A 5M4
City
Fort Erie
Neighbourhood
334 - Crescent Park
County / Region
Niagara
Province / State
ON
Postal Code
L2A 5M4
Cross Street
At corner of Daytona Dr. and Evelyn St.
Directions
At corner of Daytona Dr. and Evelyn St. Northern Public Notice.
List Price
$3,499,850
Annual Taxes
$536
Tax Year
2025
Legal Description
See realtor remarks.
Possession Type
Flexible
Possession Details
Flexible
Listing Office
ROYAL LEPAGE NRC REALTY
Board
Niagara Association of REALTORS
Original Entry
2026-04-01T15:03:05Z
Media Updated
2026-04-01T15:03:05Z
Photos Updated
2026-04-01T15:03:05Z
Last Modified
2026-04-12T19:16:05Z
System Modified
2026-04-12T19:16:05.099087Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2026-08-31
Hstapplication
In Addition To
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
644690243
Public Remarks
The regulations governing the building sector have undergone substantial modifications, notably the HST rebate applicable to all new constructions valued up to $1.85 million, which aligns perfectly with this project. Firm agreements are eligible for the rebate until March 31, 2027. Additionally, the province of Ontario is poised to reduce development fees by 50%, which is expected to apply in this context as well. This scenario is particularly advantageous for builders pursuing a medium-sized project that aims to highlight high-quality homes in an exceptional area. A draft plan has received approval for 22 premium lots in the desirable Crescent Park district of Fort Erie, presenting significant development opportunities. Each lot features a minimum frontage of 60 feet and a depth of 110 feet, representing a distinctive offering within the city. The R1 zoning designation complements the existing neighborhood aesthetics and supports single-family detached homes projected to exceed a value of $1 million. The servicing for these lots along the proposed Shayne Avenue has been approved, subject to specific conditions available upon request, along with the servicing quote. Minor variances for expanded building envelopes, accommodating features such as three-car garages, are readily achievable. Fort Erie will also allow up to 3 ADU's (Additional Dwelling Units) to be added to increase value or add inlaw opportunities under separate roof on same property. Lots of options!! Investors also have the option to collaborate with multiple builders for project execution, highlighting a compelling opportunity for developers aiming for high returns in a prime location.
